Nope, I am dead serious. I decided to read the other posts before responding, and dotcom came out with why I don't bother with the S&P, although I do pay for the S&P emini data. I honestly haven't looked into the leverage one gets, or any of that other stuff. I can make a good yearly salary trading IBM and QQQ options alone. They "behave" very well. I do not need to be greedy with MM, just consistent. But what I do is scan the market for MM setups that I might wish to trade. If you go back and look at my .gif file, you would see that I monitor equities. The spx example was simply meant to show that MM will work on absolutely anything. The attached file shows that following the rules I set forth over the last two days would have lead to profit today. And one needn't be chained to a computer all day either. If you would rather study the emini itself, or any other instrument, now that I know how to post charts, it can be done.
LOL, I know that you want it to be funny! But MM is THE most effiecient system out there today, hands down!
If it was the most efficient system, why did surf's system do a better job predicting where Microsft would go, within a penny. You provide no proof, just baseless sophmoric claims. No documentation, no evidence, just hype, the hype of a paper trader.
I tell you what, clueless, Surf and I corresponded shortly after that exchange, where I gave him an updated view of my analysis. On 12/16 MSFT was trading at 54.48. Now if you can count, 54 is closer to 56 than to 51. The frames had shifted, and I gave him in a PRIVATE email my new opionion of the market. I have that PRIVATE email on file in my archives. I will post this PRIVATE email with surfers permission. Another beautiful caveat to the MM system is that it will give plenty of time to get on the right side of the market, usually with a profit! And then we will see what excuse you come up with. You busy trying to run full speed ahead, and you don't even know the details of the course that you are running. Dam you are dumb!!!
MM indicates that IBM might be ready to fall. Prof. Murrey is a genius! Some folks think trading is hard, but Prof. Murrey wrote a book and a CD that show us that all we need is 8th grade math to make a profit. I am going to short this at 86. Stop, 1.56 points away.
I can make up a chart to make myself look good too. Big deal. You had a chance to prove your system's superiority, and you failed. You made a challenge to surf to where MSFT would go, you claimed to 56 & change, +/- .$39, and surf predicted $51.26 before it got to your target. Who was right? You or surf? Who met their targets first? He hit his within a penny....it wasn't until today that MSFT hit your target. You see, surf is professional enough not to bring it up, the fact that he proved his system was superior when it came to a prediction in MSFT. Why? He really has nothing to prove. Those of who have been watching surf call the market, day in and day out for the past many years know his system works, yet he doesn't claim it to be the best, or superior to other systems. He remains humble, not a egotistical paper trader like you come off to be. I am not a professional trader, don't claim to be, don't want to be, I do what works for me that is plenty. I would just prefer to point out that people like you are blowhards, making claims you don't prove, claiming your system is better than others....nonsense. You are a paper trader, until proven differently.
Clearly, you are a paper trader. Everyone, everyone, everyone here who trades with real money knows that the system is only as good as the ability to execute a system. You can give a guy a map, but unless he has some form of proper conveyance, it is meaningless, meaningless. And, even if he does have conveyance, how he reacts when going through fog, storms, tunnels, detours and the plethora of emotional and mental demons that traders face is the difference between success and failure. Paper traders, who don't face the daily risk of loss, always think it is easy....just ask Aphie. As long as academic types stay with paper, they don't get bloody from time to time, and they continue to spout off their 8th grade maturity level of childish nonsense about the ease of trading paper systems and their relationship to real trading involving the risk of loss and losing streaks.